KFA

New Delhi: In a setback for the Kingfisher Airlines, the Supreme Court on Tuesday refused to restrain the Union Bank of India from declaring it a wilful defaulter. "Now that you have been declared a defaulter, you can challenge it in any court," the SC said.
The KFA had approached the...

Mumbai: In another setback for Kingfisher Airlines Chairman Vijay Mallya, the Kingfisher Airlines House in Mumbai will now be auctioned. The State Bank of India, which is a lender to the airlines, took possession of the Kingfisher House on Saturday.
KFA House is the headquarters of the airline in...

Mumbai: A section of the employees of the grounded Kingfisher Airlines on Thursday sat on a hunger strike at the Kingfisher House in Mumbai, demanding immediate payment of salaries, which have been pending since last August. "As many as 6070 employees are currently on an indefinite hunger strike at the...

New Delhi: Grounded Kingfisher Airlines submitted a plan to the Director General of Civil Aviation (DGCA) to restart operations, saying its parent group would provide initial funding and asking for its flying licence to be renewed. Kingfisher, controlled by liquor tycoon Vijay Mallya, who also owns UB Group, was forced...

Mumbai: Kingfisher Airlines on Tuesday started remitting two months' salaries to its employees who have not been paid for the last 10 months.
"We have released two months salaries to our staff," a Kingfisher Airlines spokesperson told PTI in Mumbai, without elaborating on the period for which the salary was paid....

New Delhi: A group of Kingfisher Airlines workers gathered at the Indira Gandhi International Airport on Tuesday to protest against the nonpayment of salaries. The employees have not received their salaries for the past ten months. Last week, Kingfisher chairman Vijay Mallya had given them an assurance that their salaries...

New Delhi: Frustrated over not getting salary for last 10 months, Kingfisher Airlines employees on Wednesday asked the government to prosecute promoter Vijay Mallya and threatened to disrupt IPL matches.
"If Gopal Kanda, promoter of MDLR airlines, can be prosecuted for suicide of an employee why can't the government prosecute Vijay...

New Delhi: The government said it will give away Kingfisher Airlines' slots and foreign flying rights to other operators in the latest blow to the grounded carrier. Kingfisher, controlled by liquor baron Vijay Mallya, has been halted due to a cash crunch, and lenders are trying to recover $1.4 billion...

Mumbai: Debtridden and with no customers, Kingfisher Airlines Ltd posted a Rs 755 crore loss in the three months to December 31 as its planes sat idle, creditors circled and regulators rebuffed the Indian airline's revival plans. Kingfisher, which has been stripped of its flying licence, owes an estimated $2.5...

Mumbai: In more trouble for beleaguered Kingfisher Airlines, Service Tax Department has issued a notice to the carrier, "impounding" all its aircraft, department sources said on Thursday night. According to the notice, the airline cannot fly outside the registered airport premises.
The grounded airline owes around Rs 190 crore to the...

New Delhi: In fresh ray of hope for the Kingfisher Airlines, sources in the aviation regulator, the Directorate General of Civil Aviation (DGCA), said that the licence of the cashstrapped carrier would be renewed if its revival plan gets a goahead.
According to the sources, the DGCA asked the airlines for...

Mumbai: Kingfisher Airlines on Tuesday said it is in discussions with several investors for equity partnership, including Gulfbased Etihad Airways, but denied any deal with any of them, even as it lost seven more aircraft due to nonpayment of lease rentals and tax dues. "We would like to clarify that...

Mumbai: State Bank of India, the lead banker in the 17lenders consortium that extended Rs 7,000 crore loans to the now grounded Kingfisher Airlines, on Wednesday said the banks are "trying to do everything to find an amicable solution" to the carrier's financial troubles. The SBI comment comes a week...

Mumbai: Kingfisher Airline employees, who have not received their May salary despite an assurance from the airline management, are likely to chalk out an action plan next week, if they do not receive their dues by November 17. "Diwali has come and gone but we have still not received the...

Mumbai: Around 3,000 employees of the nearbankrupt Kingfisher Airlines were left in the dark on Diwali after the management failed to pay their May salary, despite its commitment that their dues will be cleared by the festival. Kingfisher has so far only paid April salary post the calling off of...

Hyderabad: Aviation regulator DGCA on Thursday said that no timeframe has been set for the debtridden Kingfisher Airlines to submit its comprehensive revival plan. Director General of Civil Aviation Arun Mishra said the proposal will be examined in all aspects before taking decision on revoking its license.
"They (Kingfisher) said they...

New Delhi: State Bank of India (SBI), the lead bank to ailing Kingfisher Airlines, on Tuesday cautioned the carrier that it "will not fly" if it fails to bring in fresh capital by November 30. "Banks' consortium has done everything possible to make the company (Kingfisher) work. Only the company...

Mumbai: Employees of Kingfisher Airlines have got the second installment of their salary overdues after the company committed to paying three months pending salaries to employees by Diwali.
By assuring employees that the management will pay seven months salary dues by December, the airline has ended the nearly monthlong crisis...

UB Group chief and Kingfisher Airlines chairman Vijay Mallya is finally back in the country after his monthlong overseas visit.
He landed in New Delhi a short while earlier and is now at the Formula 1 track, where the qualifiers for the Indian Grand Prix will take place.
Mallya, who is an...

New Delhi: Cashstrapped Kingfisher Airlines employees resumed work on Friday after striking a deal with the management and agreeing to the staggered salary payment schedule proposed by the company. Reports said that many of them have received the salary for the month of March.
Meanwhile, Civil Aviation Minister Ajit Singh said...

New Delhi: It has been 25 days of protest, a lockdown and a suspension of licence, for Kingfisher Airlines. Its employees have finally agreed to return to work. The employees who wanted fourmonth salaries, agreed in the end to the management's proposal of three months' salaries.
Employees, who haven't been paid...

Refuting corruption charges against BJP President Nitin Gadkari, senior party leader LK Advani on Wednesday said that allegations against Gadkari were more to neutralise the unprecedented charges against the ruling UPA.
Gadkari also got the support of RSS leader MG Vaidya who called it a trial by media. The BJP said...

New Delhi: Troubled Kingfisher Airlines Chairman Vijay Mallya will be attending the Indian Grand Prix event at Greater Noida later this week. Mallya will be returning at a time when the airline is in the middle of a crisis. The employees of Kingfisher Airlines wanted to speak directly to Mallya...

New Delhi: No end to the standoff between Kingfisher Airlines employees and management. The partial lockout is set to continue as the cashstrapped airlines' officials had sought time from the DGCA until Wednesday but the employees have refused a written assurance of three months salary before Diwali. They want to...

New Delhi: So how exactly was Kingfisher Airlines killed? The airline company was Chairman Vijay Mallya's muse. He chose to run it himself, even deciding to interview air hostesses, pilots and other staff members himself. So did this obsession lead to the company's decline? Apart from Mallya, few others were...

New Delhi: Kingfisher Airlines CEO Sanjay Agarwal on Monday said that the partial lockout of the crisishit airlines had been extended till October 25 from the earlier date of October 23. The airline company on Monday held a closeddoor meet with its employees' union in Mumbai and offered to pay...